Ethereum surpassed Bitcoin to become the most-traded asset on Coinbase, reaching a trading volume of $367 million in the last 24 hours.
Increasing institutional interest in Ethereum is indicated by rising inflows into spot Ethereum ETFs in the US, totaling nearly $400 million this month.
The upcoming Pectra upgrade, scheduled for early April, is expected to boost Ethereum's market performance and efficiency.
Despite recent market success, Ethereum still faces challenges in closing the gap with Bitcoin and maintaining its rise.